Bridging Loans

Are You interested in what bridging finance services we have to offer at Pyxis?
Find our available bridging finance options below.

Bridging loans are a short term way to borrow money and are used to ‘bridge the gap’ if you need to buy one property before selling another. Unlike mortgages, bridging loans are designed with speed of delivery in mind. Agreed amounts are transferred quickly as time is often the primary pain point. Bridging loans are short-term finance deals with repayment times from 1 to 36 months. These loans are secured against land, residential or commercial property.

There are many reasons why bridging finance might be used as a short-term funding solution. Bridging Loan uses include the quick purchase of unmortgageable commercial and residential properties that require light refurbishment or planning permission for change of use, or the purchase of a property at auction requiring swift access to funds.

The purchase of land that has potential to be developed and require planning permission before longer-term finance or development finance can be approved.

Bridging finance can be used to support business cash-flow, business expansion, pay tax liabilities or creditor payments.

You can also use bridging finance to refinance a current bridging lender if you have been unable to exit their facility before the end of the term.

Bridging finance is a funding product that is secured against property or land. The Financial Conduct Authority define a Bridging Loan as an MCD exempt bridging loan; or regulated mortgage contract which has a term of twelve months or less.

The option of taking out a bridging is often explored when individuals are experiencing difficulties with the purchase of property and a quick completion is required. Since they were first introduced, bridging loans with benefits for different circumstances are now available.

A regulated bridging loan is a type of short-term, property-backed loan secured against the borrower’s primary residence. Typically used to cover the financial gap between selling an existing property and acquiring a new one, these loans provide a swift solution for those seeking immediate funds to secure their ideal home.

For more information, contact us today and we’ll provide you with a customised breakdown of your Bridging Loan, detailing the specific interest rate applied, total cost, monthly payments (if applicable), borrowed amount, and any potential early repayment charges.

• Fast Funding: Receive funds in a matter of days, subject to Ts&Cs
• Free Legal Services: Loans with a single security come with complimentary legal assistance.
• No Proof of Income: Minimal documentation requirements.
• No Early Repayment Fees: Flexibility in settling the loan ahead of schedule.

1. Purchasing a new home before selling the current property.
2. Acquiring a property at auction, necessitating quicker financing than traditional mortgages, with the option to later refinance on a standard mortgage.

When we refer to a regulated bridging loan, it means that the loan falls under the oversight of the Financial Conduct Authority (FCA). The FCA serves as a regulator for financial services, working to safeguard consumers, uphold industry integrity, and foster healthy competition in the consumer’s interest.

The regulatory framework ensures a higher level of protection against unfair lending practices. It’s important to note that these regulations specifically apply to personal borrowers and do not extend to investors or business borrowers.

These regulations are applicable to properties intended for residential use, whether presently occupied or previously lived in by the applicant or a close relative. For a more detailed understanding, feel free to get in touch with us.

The Team at Pyxis Capital have extensive knowledge of bridging finance and take time to understand a client’s needs and requirements. You will have a single point of contact from start to finish and will also be provided with direct contact details for one of our Company Directors. Most importantly you won’t be left with finding an Exit Strategy from your bridging finance facility. As this is something that will be researched on day one and if possible, agreed in principle with a long-term lender. Having strong relationships with leading UK lenders, including specialist lenders, family offices, and private investors, allows us to secure the bridging loan you need:

When time is of the essence, we are confident in our ability to swiftly arrange your bridging loan. Obtain your no-obligation quote today for the best possible solution.

Frequently Asked Questions